Biorefinery Market worth $210.3 Billion by 2027
The global Biorefinery Market is projected to grow from USD 141.8 billion in 2022 to USD 210.3 billion by 2027, at a CAGR of 8.2% according to a new report by MarketsandMarkets™. New integrated biorefineries must be built in order to meet the expected growth of the biofuel market and the development of new biofuel production technologies. Concepts related to plant infrastructure of chemical plants...
Hydrogen energy storage Market Opportunities and Challenges
Hydrogen energy storage Market Overview:
The global hydrogen energy storage market is expected to grow from an estimated USD 13.7 billion in 2019 to USD 18.2 billion by 2024, at a CAGR of 5.8% during the forecast period. The growth of this market is driven by an increase in demand for hydrogen in the chemical industry and demand for hydrogen in stationary and portable power.
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Hydrogen Energy Storage Market Likely to Boost Future Growth by 2024
Global Hydrogen Energy Storage Market Overview:
The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.7 billion in 2019, at a CAGR of 5.8% during the forecast period. Increase in demand for hydrogen in the chemical industry and market for hydrogen in stationary and portable power are driving the growth of the global industry. ...
Methanol Market Worth $26.6 Billion By 2025 | At A CAGR of 5.5%
The Methanol market size is expected to grow at a CAGR of 5.5%, by value, during the forecast period. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. Thedriving factors for Methanol market is its growing demand from automotive industry.
COVID-19 Impact on the Methanol Market
The global Methanol market includes major Tier I and II suppliers...
IoT in Chemical Industry Market Leaders & New Revenue Pockets – 2020
The IoT in chemical industry market size is projected to reach USD 77.9 billion by 2024 from USD 48.9 billion in 2019, at a CAGR of 9.7% between 2019 and 2024. Growth in the chemical and other associated industries and the rising demand for efficient production practices and automated manufacturing technologies are driving the IoT in chemical industry market. The higher cost for digital transformation...